- Bitcoin crossed the $109,000 mark forward of Trump’s inauguration, pushed primarily by Korean market exercise.
- U.S. traders have but to contribute considerably to this rally, leaving room for additional good points.
The market has proven sustained bullish momentum over the previous week, with Bitcoin [BTC] climbing 15.06%. This upward motion intensified within the final 24 hours, gaining 2.68% and reaching its new file excessive.
Korean traders have performed a pivotal position on this rally, supported by rising market sentiment and a rise in energetic Bitcoin addresses.
Insights from AMBCrypto counsel that additional upside potential stays as circumstances evolve.
Bitcoin hits new all-time excessive as on-chain exercise spikes
Bitcoin has reached a brand new all-time excessive, buying and selling at $109,114.88, at press time, on the twentieth of January, in keeping with CoinMarketCap. On the time of writing, BTC’s buying and selling quantity surged by 120.34% to $110 billion. Its market capitalization climbed to $2.13 trillion.
This milestone comes simply forward of Donald Trump’s inauguration right this moment. Market optimism surrounding his perceived pro-crypto stance could also be fueling bullish sentiment.
The surge is additional supported by an 11.47% rise in energetic Bitcoin addresses over the previous 24 hours. 798,140 addresses had been collaborating in on-chain transactions.
Supply: IntoTheBlock
Spikes in exercise, alongside will increase in worth and buying and selling quantity, typically reveals the potential for a sustained market rally. BTC’s momentum might achieve additional traction as traders reply to market dynamics.
Korean traders drive BTC surge
Information from CryptoQuant signifies that BTCs latest excessive is carefully linked to an increase within the Bitcoin: Korea Premium Index—a metric that measures the relative energy of Korean retail traders by monitoring the value hole between South Korean exchanges and others.
The index displays market sentiment, with values above the impartial zone (0) that means bullish, and under this zone reveals bearish habits amongst Korean traders.
At press time, the index stood at 4.42, indicating a big worth distinction on South Korean exchanges and robust BTC buying exercise.
Supply: CryptoQuant
The U.S. Premium Index, evaluating Coinbase costs to different exchanges, reveals a unfavorable studying of -0.1189. This means U.S. traders are at present promoting BTC.
Though this might sound bearish, it highlights a chance for additional worth good points. U.S. traders, recognized for his or her market affect, have but to enter the present rally.
If they start buying BTC following Trump’s inauguration, Bitcoin might expertise one other vital worth soar.
An identical pattern occurred on the fifth of November, when elevated U.S. participation drove BTC to its earlier all-time excessive of $108,353, following Trump’s Presidential victory.
BTC and ETH market cap hole hits file excessive
The market capitalization hole between BTC and ETH has reached an unprecedented $1.75 trillion, marking the biggest differential in historical past.
This means a big shift in investor choice towards BTC, which is now attracting extra capital in comparison with ETH, the second-largest cryptocurrency by market cap.
Supply: TradingView
Learn Bitcoin’s [BTC] Price Prediction 2025–2026
The widening hole might open a chance for traders to extend their BTC holdings or shift their focus away from ETH.
This pattern aligns with the prevailing bullish sentiment surrounding BTC, doubtlessly driving its worth larger. Analysts counsel BTC might surpass $110,000 in upcoming market periods if momentum persists.
